Premier Gladys Berejiklian is expected to today announce her new cabinet following the Coalition’s election victory last weekend. Since Ms Berejiklian took over as premier in the heady property days of 2017, Sydney’s market has changed dramatically.
What hasn’t changed is that some of the candidates most likely for cabinet lay claim to a vast array of property themselves.
So what properties do the premier and other likely key members of the new state cabinet own?
Ms Berejiklian, likely a keen watcher of the property market given her vow upon taking the state’s top job that housing affordability was the state’s biggest issue, is a Northbridge local. The market has changed substantially since she bought her three-bedroom semi, with an open-plan living and dining area, in 2016 for $1.675 million.
But there are strong sales in her area. Just this month, the waterfront mansion owned by former prime minister Bob Hawke sold for about $14.5 million.
But there are strong sales in her area. Just this month, the waterfront mansion owned by former prime minister Bob Hawke sold for about $14.5 million.
A few months after her Northbridge purchase, Ms Berejiklian sold her former one-bedroom townhouse in nearby North Willoughby for $980,000, scoring her a fair return on her 2008 purchase price of $626,000.
She might be interested to know that the North Willoughby property sold again last weekend for $1.03 million, which barely broke even for the owners given the $39,800 in stamp duty payable at the time of purchase.
Dominic Perrottet and his wife Helen don’t appear on any property ownership records in his Hawkesbury electorate, but Helen’s only registered address is her family’s long-held Centennial Park mansion.
Nationals leader John Barilaro and his wife Deanna live at a luxury resort-style estate called Dungowan near Braidwood, which they bought in 2014 for $2.015 million.
Mr Barilaro came under fire two years later when it was revealed the couple had been renting out the property via Airbnb and other accommodation websites for $1750 a night, posing a potential conflict of interest given his regional tourism portfolio and cabinet discussions at the time about regulating the collaborative economy in NSW for businesses like Uber, Airbnb and Stayz.
Set on 94 hectares on the banks of the Corang River it boasts a residence designed by architect Robin McInnes, with a billiards room, three-room staff area, a private lake with boatshed and pontoon, 11-metre mineral swimming pool, tennis court and a small vineyard.
The Barilaros also own a four-bedroom, four-bathroom residence in Queanbeyan overlooking Canberra that they built in 2008 after they bought the 1069-square-metre block in 2003 for $207,000.
Gabrielle Upton fits in right into her blue-blood Vaucluse electorate. She is a long-time Darling Point local having bought her Federation mansionwith her investment banker husband Alex Sundich in 1999 for $2.6 million. The couple also bought a Victorian-era terrace in Paddington as an investment in 1997 for $630,000.
The Liberal member for Lane Cove Anthony Roberts and his wife Alicia upgraded from the Putney townhouse they sold in for $740,000 to North Ryde in 2016, buying the four-bedroom manse of the Christian Reformed Church for $1.165 million.
Andrew Constance bought 3.5 hectares of green pastureland in Malua Bay in his Bega electorate in the first half of 2015 for $267,000 and by the end of that year had married his partner Jenny Clarke and scored DA approval to build the couple’s matrimonial home.
Brad Hazzard has a long history of property ownership in his Northern Beaches electorate, much of which he has off-loaded except for the Allambie Heights home he bought in 1982 for $112,000.
Also in his name are three office spaces in Manly he bought in 1988 and which he tried to sell two years ago for $1.45 million without success.
Rob Stokes and his wife Sophie have called Newport home since 2006 when they sold their Seaforth property for $985,000 to buy a four-bedroom house a block back from the Newport surf beach for $1.055 million.
In 2016, they doubled their money on that Newport property selling for $2.05 million to pay the exact sum around the corner for a master-built home with an extra bedroom.
Finance minister Victor Dominello owns two apartments, the first bought in 2000 for $582,750 in McMahons Point. The two-bedroom spread has been renovated into a more spacious one-bedder, and was handed over to the rental market in 2017 earning $850 a week.
His other apartment is in the Waterpoint Shepherds Bay development in Meadowbank bought in 2009 for $500,000.
David Elliott and his wife Nicole have owned their Kellyville property in his Baulkham Hills since in 2015 and completed building it the following year.
This story has been amended since first published.